Reported 19 days ago
Stocks reached record highs, the dollar strengthened, and US Treasury yields rose following Donald Trump's early lead in the presidential election. The S&P 500 experienced its best post-Election Day performance ever, driven by optimism over potential pro-growth policies and tax cuts under a Republican-controlled government. Investor sentiment shifted positively, spurring buying across various sectors, particularly benefiting small caps and financials. Analysts predict continued market momentum alongside expected Federal Reserve rate cuts as businesses anticipate a more favorable economic environment.
Source: YAHOO